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mitsubishi gas chemical co (MUG) Details

Mitsubishi Gas Chemical Company, Inc. manufactures and sells basic chemicals, and functional materials and products in Japan and other Asian countries, and internationally. The company’s Natural Gas Chemicals segment primarily produces and sells basic and organic chemicals, such as methanol, ammonia, amines, methacrylates, and polyols, as well as enzymes. This segment also explores and develops natural gas and petroleum; and develops geothermal energy. Its Aromatic Chemicals segment offers meta-xylene, meta-xylene diamine, anhydrous trimellitic and pyromellitic acids, aromatic aldehydes, nylon-MXD6, paraxylene, orthoxylene, plasticizers, and isophthalic acids, as well as xylene isomers and metamer derivative products. The company’s Specialty Chemicals segment provides hydrogen peroxide and other industrial inorganic chemicals for use in the electronics industry and environmental agents; adamantane derivatives; monomers for high refractive index plastic lenses; and organic titanates, peracetic acid, persulfates, and sodium hydrosulfite, as well as electronic chemicals. This segment also offers engineering plastics, such as polycarbonate resins, polyacetal, AI polymers, polycarbonate sheets and films, polyamide resins, special polycarbonate resins, and modified polyphenylene ester resins. Its Information and Advanced Materials segment offers electronic materials consisting of laminate materials for printed circuit boards, as well as entry sheets for use in the mechanical drilling of printed circuit boards; and oxygen absorbers. The company is also involved in the property management, and travel and insurance agency activities; manufacture and sale of printed circuit boards and electronic products; and provision of rent facilities and shipping services, as well as operates storage terminals. Its products are used in automobiles, electronics, life sciences, and the environmental and energy sectors. The company was founded in 1918 and is headquartered in Tokyo, Japan.

mitsubishi gas chemical co (MUG) Key Developments

Mitsubishi Gas Chemical reported earnings results for the nine months ended December 31, 2014. For the period, the company said its nine-month net profit more than doubled to JPY 29.7 billion from the same time the previous year, due to the absence of the impairment loss at its Chinese polycarbonate (PC) subsidiary, recorded the year earlier. Operating profit, however, fell by 6.3% year on year to JPY 11.4 billion, while net sales rose by 0.9% to JPY 401.4 billion.

Mitsubishi Gas Chemical Company, Inc. Reports Earnings Results for the First Six Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015

Nov 18 14

Mitsubishi Gas Chemical Company, Inc. reported earnings results for the first six months ended September 30, 2014. The company has reported that net income for the first six months ended September 30, 2014 was JPY 21.51 billion, or JPY 47.62 per share, compared to JPY 18.62 billion, or JPY 41.23 per share, for the same period ended September 30, 2013. Net sales for the first six months ended September 30, 2014 were JPY 267.86 billion, compared to JPY 266.44 billion for the same period ended September 30, 2013. Operating income for the first six months ended September 30, 2014 was JPY 6.31 billion, compared to JPY 10.15 billion for the same period ended September 30, 2013. Ordinary income for the first six months ended September 30, 2014 was JPY 23.95 billion, compared to JPY 21.7 billion for the same period ended September 30, 2013.
For the fiscal year ending March 31, 2015, the company expects net sales to be JPY 540 billion. The company expects operating income to be JPY 14 billion, ordinary income to be JPY 40 billion, net income to be JPY 30 billion, or JPY 66.42 per share.

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